Global Lemongrass Oil Market Overview
Lemongrass Oil Market Size was estimated at 1.47 (USD Billion) in 2022. The Lemongrass Oil Industry is expected to grow from 1.53(USD Billion) in 2023 to 2.2 (USD Billion) by 2032. The Lemongrass Oil Market CAGR (growth rate) is expected to be around 4.13% during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Lemongrass Oil Market Trends Highlighted
In the next few years, the performance of the Lemongrass Oil Market will be attributed to the increasing number of people looking for natural and organic products as there is a shift towards needing herbal products. The wider acceptance of aromatherapy and essential oils used for therapeutic and relaxation purposes is one of the major factors augmenting the market growth. In addition to this, the increasing application of lemongrass oil in cosmetics, personal care, and food and beverage products is, in turn, promoting the growth of the market. New methods of extraction and processing are expected to enhance the market. Also, because of the greater inclusive awareness of the green aspects of lemongrass cultivation creates more room for market enhancements.
In the Lemongrass Oil Market, there are recent strategies such as: when there is the use of more organic and environment-friendly sourced products, the use of non-chemical cleaning and disinfecting products is on the increase, and new uses within the pharmaceutical and healthcare areas are on the rise. These trends are expected to shape the trajectory of the Lemongrass Oil Market and offer great prospects for market participants in the industry.
Lemongrass Oil Market Drivers
Growing Demand for Natural and Organic Products
Consumers are increasingly seeking natural and organic products for various applications, including personal care, food and beverages, and home care. Lemongrass oil, with its inherent antimicrobial, antifungal, and antioxidant properties, is gaining popularity as a natural ingredient in these products. The rising demand for eco-friendly and sustainable solutions is further propelling the growth of the Lemongrass Oil Market Industry.
Expansion of the Food and Beverage Industry
The food and beverage industry is a major consumer of lemongrass oil due to its distinct citrusy and earthy flavor profile. Lemongrass oil is widely used as a flavoring agent in teas, beverages, confectionery products, and culinary preparations. The growing popularity of Asian cuisine and the increasing demand for authentic flavors are driving the demand for lemongrass oil in the Lemongrass Oil Market Industry.
Growing Aromatherapy and Essential Oil Market
The Lemongrass Oil Market is being driven by the increasing popularity of aromatherapy and the growing utilization of essential oils for health and relaxation. Lemongrass oil is popular in the aromatherapy and essential oil sectors because of its valuable medicinal benefits. The soothing and energizing impact of lemongrass oil is believed to aid in stress reduction, anxiety alleviation, and mood enhancement.
Lemongrass Oil Market Segment Insights
Lemongrass Oil Market Application Insights
The application segment of the Lemongrass Oil Market holds significant importance, influencing market growth and industry dynamics. Among the key applications, Food and Beverages have emerged as a dominant segment, accounting for a substantial share of the overall market revenue. This segment is expected to continue its dominance over the forecast period, driven by the rising demand for lemongrass oil as a natural flavoring agent and preservative in food and beverage products. Cosmetics and Personal Care is another significant application segment, showcasing steady growth.
Lemongrass oil's antibacterial and antifungal properties make it a popular ingredient in various skincare and hair care products, contributing to the segment's growth. Moreover, the increasing consumer preference for natural and organic personal care products further fuels its demand in this segment. Pharmaceuticals is a rapidly growing application segment for lemongrass oil, owing to its medicinal properties. Lemongrass oil is known for its anti-inflammatory, analgesic, and antimicrobial effects, making it a valuable ingredient in various pharmaceutical formulations, including pain relievers, antiseptics, and digestive aids.Household Cleaning Agents is another notable application segment, leveraging the disinfectant and deodorizing properties of lemongrass oil. The growing awareness of hygiene and the increasing demand for eco-friendly cleaning products have contributed to the segment's growth. Lemongrass oil is widely used in household cleaners, air fresheners, and disinfectants, offering a natural and effective cleaning solution. Aromatherapy is a niche but promising application segment for lemongrass oil. Its calming and uplifting aroma has made it a popular choice in aromatherapy practices, promoting relaxation and stress relief.
The growing popularity of holistic therapies and the increasing adoption of aromatherapy techniques have fueled the demand for lemongrass oil in this segment. Overall, the application segment of the Lemongrass Oil Market presents diverse growth opportunities. Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, Household Cleaning Agents, and Aromatherapy are key segments that contribute to the market's growth and dynamics. As the demand for natural and sustainable products continues to rise, lemongrass oil is expected to witness increasing adoption across various applications, driving market growth in the years to come.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Lemongrass Oil Market Extraction Method Insights
The Lemongrass Oil Market segmentation by Extraction Method includes Steam Distillation, Hydro-Distillation, Cold Pressing, Solvent Extraction, and Supercritical Fluid Extraction. Steam Distillation accounts for over 60% share of the market due to its cost efficiency and high utility in the industry. Hydro-Distillation is the second most used process and accounts for around 25% share of the market. This method offers higher oil yield but is more expensive. Cold Pressing is the least-employed process, and the generated oil is of the highest quality and considered organic.The other two methods Solvent Extraction and Supercritical Fluid Extraction, are niche processes used for a few specific applications and cumulatively account for less than 10% revenue share of the market.
Lemongrass Oil Market Grade Insights
The Lemongrass Oil Market segmentation by Grade comprises Food Grade, Pharmaceutical Grade, Cosmetic Grade, and Industrial Grade. In 2023, the Food Grade segment held the largest market share of 45%, owing to the increasing demand for natural and organic food products. The Pharmaceutical Grade segment is projected to witness significant growth over the forecast period due to the rising prevalence of chronic diseases and the growing demand for herbal medicines. The Cosmetic Grade segment is expected to grow steadily due to the increasing use of lemongrass oil in personal care products.The industrial-grade segment is expected to experience moderate growth due to its use in various industrial applications such as cleaning products, disinfectants, and fragrances.
Lemongrass Oil Market Form Insights
The Lemongrass Oil Market is segmented based on form into liquid, paste, powder, and capsules. Among these, the liquid segment held the largest market share in 2023, accounting for over 55% of the global revenue. The liquid form is preferred due to its ease of use and versatility. It can be easily incorporated into various products such as cosmetics, personal care products, and food and beverages. The market for liquid lemongrass oil is expected to continue to grow at a steady pace in the coming years, driven by increasing demand from the cosmetics and personal care industry.The paste segment is also expected to witness significant growth in the coming years, owing to its growing popularity in the food and beverage industry. Paste lemongrass oil is commonly used as a flavoring agent in soups, sauces, and curries. The powder and capsule segments are expected to grow at a moderate pace in the coming years. Powdered lemongrass oil is often used in dietary supplements and traditional medicine, while capsules are preferred for their convenience and ease of consumption.
Lemongrass Oil Market Organic Certification Insights
The Organic Certification segment of the Lemongrass Oil Market is projected to witness significant growth in the coming years, driven by rising consumer demand for natural and organic products. In 2023, the Lemongrass Oil Market revenue was estimated at USD 1.53 billion, and it is expected to reach USD 2.2 billion by 2032, exhibiting a CAGR of 4.13%. The increasing popularity of organic lemongrass oil in personal care and cosmetic products, such as skincare, hair care, and aromatherapy, is a major factor contributing to the growth of this segment.Among the major organic certifications, USDA Organic, EU Organic, JAS Organic, and ROC Organic are the most prominent. These certifications ensure that lemongrass oil is produced in accordance with strict organic standards, guaranteeing its purity and quality. The demand for USDA Organic-certified lemongrass oil is particularly high in North America, while EU Organic-certified oil is preferred in Europe. JAS Organic and ROC Organic certifications are gaining traction in Asia-Pacific, driven by growing consumer awareness and government regulations promoting organic farming practices.
Lemongrass Oil Market Regional Insights
The Lemongrass Oil Market segmentation by region reveals distinct market dynamics and growth opportunities. North America holds a significant market share due to the growing demand for lemongrass oil in the food and beverage industry. Europe is another key region, driven by the increasing popularity of aromatherapy and the use of lemongrass oil in personal care products. APAC is expected to witness substantial growth over the forecast period, attributed to the rising consumption of lemongrass oil in traditional medicine and the expanding cosmetics industry.South America and MEA are emerging markets with untapped potential, offering opportunities for market expansion. These regional insights provide valuable data for stakeholders to tailor their strategies and capitalize on growth prospects in specific geographic segments.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Lemongrass Oil Market Key Players And Competitive Insights
Major players in the Lemongrass Oil Market industry are constantly innovating and developing new products to meet the evolving needs of consumers. Leading Lemongrass Oil Market players are focusing on expanding their global presence by establishing new production facilities and distribution networks. The Lemongrass Oil Market development is driven by the increasing demand for natural and organic products and the growing awareness of the health benefits associated with lemongrass oil. The Lemongrass Oil Market Competitive Landscape is highly competitive, with several major players vying for market share.PT. Rolas Nusantara is a leading company in the Lemongrass Oil Market.
The company is headquartered in Indonesia and has a strong presence in the Asia-Pacific region. PT. Rolas Nusantara offers a wide range of lemongrass oil products, including conventional and organic oils. The company has a dedicated team of researchers and scientists who are constantly working on developing new and innovative products. PT. Rolas Nusantara is committed to providing high-quality lemongrass oil products to its customers at competitive prices.
Another major player in the Lemongrass Oil Market is Kerry Group. The company is headquartered in Ireland and has a global presence with operations in over 140 countries. Kerry Group offers a wide range of lemongrass oil products, including essential oils, flavors, and fragrances. The company has a strong focus on research and development and is committed to providing innovative products to its customers. Kerry Group is a major supplier of lemongrass oil to the food and beverage industry.
Key Companies in the Lemongrass Oil Market Include
- Plant Therapy
- Nature's Way
- Life Extension
- New Chapter
- Integrative Therapeutics
- NOW Foods
- doTERRA
- Starwest Botanicals
- Edens Garden
- BulkSupplements
- Mountain Rose Herbs
- Gaia Herbs
- Young Living
- Aura Cacia
- Eden Botanicals
Lemongrass Oil Market Industry Developments
The Lemongrass Oil Market is projected to grow from USD 1.53 billion in 2024 to USD 2.2 billion by 2032, at a CAGR of 4.13%. Rising demand for natural and organic personal care products, coupled with increasing applications in aromatherapy and traditional medicine, is driving market growth. Asia-Pacific is the largest regional market, accounting for over 60% of global consumption, primarily due to the extensive use of lemongrass oil in traditional medicine and cuisine in countries like India, China, and Thailand. Key market players include Firmenich, Symrise, Givaudan, and Robertet. Recent developments include the launch of new lemongrass oil-based products, such as essential oils, skincare creams, and insect repellents. Growing consumer awareness of the health benefits of lemongrass oil is expected to further boost market growth in the coming years.
Lemongrass Oil Market Segmentation Insights
- Lemongrass Oil Market Application Outlook
- Food and Beverages
- Cosmetics and Personal Care
- Pharmaceuticals
- Household Cleaning Agents
- Aromatherapy
- Lemongrass Oil Market Extraction Method Outlook
- Steam Distillation
- Hydro-Distillation
- Cold Pressing
- Solvent Extraction
- Supercritical Fluid Extraction
- Lemongrass Oil Market Grade Outlook
- Food Grade
- Pharmaceutical Grade
- Cosmetic Grade
- Industrial Grade
- Lemongrass Oil Market Form Outlook
- Liquid
- Paste
- Powder
- Capsules
- Lemongrass Oil Market Organic Certification Outlook
- USDA Organic
- EU Organic
- JAS Organic
- ROC Organic
- Lemongrass Oil Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.47(USD Billion) |
| Market Size 2023 |
1.53(USD Billion) |
| Market Size 2032 |
2.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.13% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Plant Therapy, Nature's Way, Life Extension, New Chapter, Integrative Therapeutics, NOW Foods, doTERRA, Starwest Botanicals, Edens Garden, BulkSupplements, Mountain Rose Herbs, Gaia Herbs, Young Living, Aura Cacia, Eden Botanicals. |
| Segments Covered |
Application, Extraction Method, Grade, Form, Organic Certification, Regional. |
| Key Market Opportunities |
Rising demand in personal care and cosmetics Expanding use in aromatherapy Growing food and beverage industry Applications in pharmaceuticals Increasing awareness of health benefits. |
| Key Market Dynamics |
Rising consumer preference Increasing demand for food and beverage Growth in the personal care industry. |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Lemongrass Oil Market is expected to reach USD 2.2 billion by 2032, exhibiting a CAGR of 4.13% during the forecast period (2024-2032).
North America region is anticipated to dominate the Lemongrass Oil Market throughout the forecast period due to the increasing demand for natural and organic personal care products.
Lemongrass oil has applications in various industries, including pharmaceuticals, cosmetics, food and beverages, and household products.
Some of the key players in the Lemongrass Oil Market include Robertet, Givaudan, Symrise, Firmenich, and International Flavors & Fragrances.
The rising demand for natural and organic personal care products, increasing awareness about the health benefits of lemongrass oil, and growing adoption of aromatherapy and traditional medicine are key factors driving market growth.
The market faces challenges such as fluctuating raw material prices, seasonal variations in lemongrass cultivation, and competition from synthetic fragrances.
The growing demand for essential oils in emerging markets, increasing applications in pharmaceuticals and food industries, and rising consumer preference for natural ingredients present significant opportunities for market growth.
The Lemongrass Oil Market is anticipated to exhibit steady growth over the next ten years, driven by increasing consumer awareness about the benefits of natural products and growing demand from various industries.
Key trends include the increasing popularity of aromatherapy, growing demand for natural and organic cosmetics, and rising consumer preference for sustainable products.
The market is subject to regulations related to the cultivation, extraction, and use of lemongrass oil, varying across different countries and regions.
